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there really is no american economy. what we have is a network of metro economies and they're now stepping up and doing the hard work. >> but at the same time we all know that some of the toughest economic challenges are the state and local level. >> absolutely. but the great thing about metropolitan areas is they're not just governments. you know, the federal government is a government. state governments are government, metropolitan areas are networks. and we see that these networks are finding really creative and beneficial ways. >> rose: networks between what? >> networks of different companies, different philanthropic groups, different individuals, all coming together. they have loose or tight connections. and they can fund things more-- in a more creative or interesting way. so for example, when northeast ohio needed to reinvague rates economy, it drew on a network of philanthropis. they came together and said we need to figure out how to better support manufacturing. and how to better support small and medium sized
there really is no american economy. what we have is a network of metro economies and they're now stepping up and doing the hard work. >> but at the same time we all know that some of the toughest economic challenges are the state and local level. >> absolutely. but the great thing about metropolitan areas is they're not just governments. you know, the federal government is a government. state governments are government, metropolitan areas are networks. and we see that these...
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Jun 21, 2013
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economy and the world economy go cold turkey on all this easy money, and they-- nobody wants to be the last guy out of the market. and so they reacted very-- very swiftly, more than than i suspect the fed anticipates. >> brown: james pawlzen, is it a surprise. everyone knew at some point the fed would do this. >> i don't think so. i think that part of the big response that david speaks to has to do with the fact we've come up so much i think in the last year. we had a really big run, 25%, 30% run. often in big bull markets you have very violent but short-term sort of pull-backs and i think this was a catalyst that allowed traders to sell, the excuse to sell. i do think that people calm down a little bit, we adjust to little higher bond yields we're seeing in the last few days as the fed stops buying many as many bonds. i think we'll calm down and realize that the fed's real message is that the economy to them is looking a little better, and they think for the first time the economy is get along with a little less support from them all on its own as an equity investor that's probably a
economy and the world economy go cold turkey on all this easy money, and they-- nobody wants to be the last guy out of the market. and so they reacted very-- very swiftly, more than than i suspect the fed anticipates. >> brown: james pawlzen, is it a surprise. everyone knew at some point the fed would do this. >> i don't think so. i think that part of the big response that david speaks to has to do with the fact we've come up so much i think in the last year. we had a really big...
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Jun 21, 2013
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tona's economy is beginning slow. how much of an impact could that have on the u.s. economy? >> it could have a fairly significant impact. china was really an anchor of the early steps of the recovery. they stepped in really quickly, and now even in china, there are concerns about too much liquidity in the system. maybe they have done too much and created too much risk. the chinese economy is slowing, and that will certainly reverberate around the world very quickly if we do not see a handle on that soon. >> thank you very much indeed. >> thank you. >> you are watching "bbc world news." still to come on tonight's program -- stranded on a glacier in greenland. after their plane crashed, a crew lived one of the greatest survival stories in history. massive rescue operation is underway to reach survivors in the flood hit areas in india. at least 500 50 people had died, and more than 50,000 are stranded after floods swept away buildings and triggered landslides -- at least 550 people have died, and more than 50,000 are stranded. >> this iconic hindu shrine now completely washed a
tona's economy is beginning slow. how much of an impact could that have on the u.s. economy? >> it could have a fairly significant impact. china was really an anchor of the early steps of the recovery. they stepped in really quickly, and now even in china, there are concerns about too much liquidity in the system. maybe they have done too much and created too much risk. the chinese economy is slowing, and that will certainly reverberate around the world very quickly if we do not see a...
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Jun 22, 2013
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i believe the economy is grow with that rate. it's not a problem for the housing market and of course, the housing market is key for the growth in the economy but housing is still extremely affordable at record rates in terms of affordability. it would take rates going much higher before we saw that, you know, really affect or impact the housing market. >> viewers have their pencils ready and a couple stocks are banks, one big, one somewhat smaller. let's start with the big one, which is citi group. >> okay. we focus on fundamentals and the fundamentals are very positive for citi group. there is several positive factors favoring citi group. improvement in the capital market activity and citi group benefits from the real estate market. in fact, they are going to be releasing 8.57 -- $8.5 billion in reserves so that will be a strong tail wind this year. on top of that the evaluation is very attractive. the stock is selling at 63% of book, a low pe ratio and i think the stock could get up to book value. >> i would assume housing wou
i believe the economy is grow with that rate. it's not a problem for the housing market and of course, the housing market is key for the growth in the economy but housing is still extremely affordable at record rates in terms of affordability. it would take rates going much higher before we saw that, you know, really affect or impact the housing market. >> viewers have their pencils ready and a couple stocks are banks, one big, one somewhat smaller. let's start with the big one, which is...
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Jun 15, 2013
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economy left something to be desired today. factory output barely rose in may, and consumer sentiment fell in june. wall street reacted with a friday sell-off. the dow jones industrial average lost nearly 106 points to close at 15,70. the nasdaq fell nearly 22 points to close at 3,423. for the week, both the dow and the nasdaq lost more than 1%. those are some of the day's major stories. now, back to judy. >> woodruff: today the city of detroit, and its creditors, were presented with a series of painful options. retired city workers were warned of significant cuts in pensions and health insurance and creditors were told the city won't be able to pay them back. the day started with an announcement that the government already defaulted on some debt. it got worse from there. ray suarez has the story. >> make the banks pay. >> suarez: a handful of protesters picketed outside the westin hotel this morning, while inside, detroit's emergency manager kevyn orr laid out a last-ditch plan to 150 creditors to accept pennies on the dollar
economy left something to be desired today. factory output barely rose in may, and consumer sentiment fell in june. wall street reacted with a friday sell-off. the dow jones industrial average lost nearly 106 points to close at 15,70. the nasdaq fell nearly 22 points to close at 3,423. for the week, both the dow and the nasdaq lost more than 1%. those are some of the day's major stories. now, back to judy. >> woodruff: today the city of detroit, and its creditors, were presented with a...
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Jun 23, 2013
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does this mean that the economy is improving? >> the reason for the panic is that there are people who believe that the economy is not getting strong at the rate that bernanke it does and the whole thing is a house of cards that could collapse. and do not know which analogy to use. he has been pumping in the heroin, if you like, at a pretty high pace. he did not say cold turkey. he said next year for six months i might begin a slight tapering, and everybody goes crazy. what has happened to my dealer? >> good news, bad news, or don't we know? >> i don't know. i am sure there is somebody who knows somewhere, but the very folks who pray and genuflect before the free market are saying wait a minute, i have to get my fix. ben bernanke is returning to a belief and the confidence that the united states economy can thrive without this -- whatever you want to call it, illicit drug, a stimulant, wild turkey switching to chamblis. i do not know what stimulant they are looking for. >> i for one am grateful for the fact that bernanke has been
does this mean that the economy is improving? >> the reason for the panic is that there are people who believe that the economy is not getting strong at the rate that bernanke it does and the whole thing is a house of cards that could collapse. and do not know which analogy to use. he has been pumping in the heroin, if you like, at a pretty high pace. he did not say cold turkey. he said next year for six months i might begin a slight tapering, and everybody goes crazy. what has happened...
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Jun 23, 2013
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of the global economy. in a statement, the g8 warned that, quote, global economic prospects remain weak. though downside risks have reduced thanks in part to significant policy actions taken, unquote. in the u.s., the euro zone and japan. they depicted 2014 as a quote unquote difficult one with the euro zone in recession and the american economy still hampered by high unemployment. china did not participate in the discussions since china is not a member of the g8 although japan, its neighbor, is. >> why are the economies around the world slowing down. >> because the economies around the world have accumulated too much debt and they don't know how to get the economies moving again. china's growth rate is down to 6 or 5%. no one knows where it's going. exports within the european community are dropping all over the place. virtually every european country -- look at the unemployment rate in spain. it's 26%. you look at italy, france and spain, they're all cass -- basket cases. they have a debt to retail. just
of the global economy. in a statement, the g8 warned that, quote, global economic prospects remain weak. though downside risks have reduced thanks in part to significant policy actions taken, unquote. in the u.s., the euro zone and japan. they depicted 2014 as a quote unquote difficult one with the euro zone in recession and the american economy still hampered by high unemployment. china did not participate in the discussions since china is not a member of the g8 although japan, its neighbor,...
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Jun 21, 2013
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if the economy is improving what are the economic sensitive things to do better? diversified companies and consumer discretionary stocks like housing and auto and media. if we're right that the economy starts to pick up in the second half of this year and into next, then those stocks are cheap and ought to do well. >> how alarmed were you by that chinese manufacturering number that came out overnight? it kneecaped the commodities space and some of the stocks, as well. is this what you would see as the beginning of a long-term slowing in emerging markets and in china? >> there is $64,000 question. we've been emerging for the last several quarters. the pmi number in china overnight was an ink mental data point that concerns investors. we would like to see the chinese government to come out with fiscal and monetary initiatives that would restimulate growth into the start of next year but at this point it's like waiting for gudel. we're watching the economy slow down in china where maybe 7.5 to 8% run rate this year. we would like to see that number stabilize there, m
if the economy is improving what are the economic sensitive things to do better? diversified companies and consumer discretionary stocks like housing and auto and media. if we're right that the economy starts to pick up in the second half of this year and into next, then those stocks are cheap and ought to do well. >> how alarmed were you by that chinese manufacturering number that came out overnight? it kneecaped the commodities space and some of the stocks, as well. is this what you...
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Jun 15, 2013
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they can look at how the economy is growing and try to build, build, build ahead to satisfy demand ahead. >> reporter: a reminder in this state, if you build it, you can force them to come. for nightly business report. >> coming up, if you were watching yesterday and i know i was, you saw george lucas and steven spielberg say one day you'll be paying a whole lot more to see a movie. guess what? that day has come. but first, top commodities, treasuries physical therapied today. -- faired today. >>> the up scale sport, won over millions of women with the high price yoga gear plans to open up stores just for men. it may be known for the costly recall of see through women's yoga pants so the big question will men dare to buy lulu's wear. >> it doesn't seem manly to me. >> in the unisex store i probably could meet more women. >> the embarrassing recall, today the company posted a rather add for a new chief executive. candidates for the quote head boss person will often need to concomplicate, hold a head stance for ten minutes and bring yoga to mars within five years. later the companyish shup
they can look at how the economy is growing and try to build, build, build ahead to satisfy demand ahead. >> reporter: a reminder in this state, if you build it, you can force them to come. for nightly business report. >> coming up, if you were watching yesterday and i know i was, you saw george lucas and steven spielberg say one day you'll be paying a whole lot more to see a movie. guess what? that day has come. but first, top commodities, treasuries physical therapied today. --...
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the chinese economy opened up a world of opportunities. a world of brand new shoppers. >> farmers are leaving these fields and are not becoming just workers but consumers. they are off to join the middle class. >> welcome to our viewers on public television and around the globe. kennedy'sfter john f. famous speech in berlin -- president obama a vote the cold war -- with a call to stop nuclear weapons. he asked for the u.s. and russia to reduce their stockpiles by one-third. the reaction from moscow was dismissive. >> president obama inspected the troops in the city that has known to much war. facing east of the brandenburg gate, he was cheered for removing his coat. >> i am feeling so good i am going to take off my jacket. >> speaking from behind bulletproof glass, he said the city has withstood war but has to be torn down. >> we can say in berlin and europe, our values one, onwon.ce and freedom >> he said they had to help people in burma and afghanistan. >> these people want to join the free world -- free world. they want our support beca
the chinese economy opened up a world of opportunities. a world of brand new shoppers. >> farmers are leaving these fields and are not becoming just workers but consumers. they are off to join the middle class. >> welcome to our viewers on public television and around the globe. kennedy'sfter john f. famous speech in berlin -- president obama a vote the cold war -- with a call to stop nuclear weapons. he asked for the u.s. and russia to reduce their stockpiles by one-third. the...
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the chinese economy opened up a world of opportunities. a world of brand new shoppers. >> farmers are leaving these fields and are not becoming just workers but consumers. they are off to join the middle class. >> welcome to our viewers on public television and around the globe. kennedy'sfter john f. famous speech in berlin -- president obama a vote the cold war -- with a call to stop nuclear weapons. he asked for the u.s. and russia to reduce their stockpiles by one-third. the reaction from moscow was dismissive. >> president obama inspected the troops in the city that has known to much war. facing east of the brandenburg gate, he was cheered for removing his coat. >> i am feeling so good i am going to take off my jacket. >> speaking from behind bulletproof glass, he said the city has withstood war but has to be torn down. >> we can say in berlin and europe, our values one, onwon.ce and freedom >> he said they had to help people in burma and afghanistan. >> these people want to join the free world -- free world. they want our support beca
the chinese economy opened up a world of opportunities. a world of brand new shoppers. >> farmers are leaving these fields and are not becoming just workers but consumers. they are off to join the middle class. >> welcome to our viewers on public television and around the globe. kennedy'sfter john f. famous speech in berlin -- president obama a vote the cold war -- with a call to stop nuclear weapons. he asked for the u.s. and russia to reduce their stockpiles by one-third. the...
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the basic economy around the world is okay. the u.s. is growing somewhere around 2.5%. >> rose: better than europe but not as good as china. >> and purpose's pretty much hit the bottom where it's going to go. it's gather no net gross now and asia has slowed down. it's getting close to a bottom, and we'll have global growth somewhere in the 3.5%, 3.75% zone. so we're not looking at things going backwards. potentially a little bit in asia with you there's still plenty of growth there. china for example, escort of a worst case most people look at would be 6 to 7. the chinese themselves are thinking 7 to 8 to just be not put a precise point to it. any time you have major countries growing at that level, somebody may be critical, it's a little slower than the old 9 or 10 but it's still remarkable. so the overall environment isn't as pessimistic if you will, as it's been. u.s. in particular is quite interesting because we have a revolution going on in the energy business in the united states, which is presenting -- >> rose: what impact on the
the basic economy around the world is okay. the u.s. is growing somewhere around 2.5%. >> rose: better than europe but not as good as china. >> and purpose's pretty much hit the bottom where it's going to go. it's gather no net gross now and asia has slowed down. it's getting close to a bottom, and we'll have global growth somewhere in the 3.5%, 3.75% zone. so we're not looking at things going backwards. potentially a little bit in asia with you there's still plenty of growth there....
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so that we're becoming more and more a retail economy, a consumer economy that didn't make anything. >> rose: that the nature of the company today? >> oh, absolutely. i think what wal-mart has done by demanding the lowest prices from its suppliers has driven a lot of manufacturing overseas and benefited that places like dean price's county, rockingham county, north carolina, have gotten poorer. so people have to go to wal-mart to shop, they can't afford not to. and it's cleared out other businesses for a hundred miles. >> rose: but the flip side is some people make -- my father had one of those small businesses and so i know they that side of the story very, very well. on the other hand, you talk to these wal-mart people, they say that the people -- wal-mart is the poor person's best friend. so you agree sam walton should be -- >> he's a little bit -- he's an admirable american success story in that he came out of nowhere and built an empire and it's hard not to feel a respect for that. at the same time the empire he built i think has been a destructive force in american life in our
so that we're becoming more and more a retail economy, a consumer economy that didn't make anything. >> rose: that the nature of the company today? >> oh, absolutely. i think what wal-mart has done by demanding the lowest prices from its suppliers has driven a lot of manufacturing overseas and benefited that places like dean price's county, rockingham county, north carolina, have gotten poorer. so people have to go to wal-mart to shop, they can't afford not to. and it's cleared out...
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Jun 20, 2013
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this is singapore's central business district, the poor sink -- pulsing heart of singapore's economy, but today, you see the building stranded and smoke. there is a dry, accurate taste in the air. you can feel it in the back of your throat. -- there's a dry, accurate -- there's a dry, acrid taste in the air. his is where the fumes are coming from. hotspots on the indonesian island of sumatra where farmers use/and burn techniques to clear the land -- use slash and burn techniques to clear the land. >> ideally, we would like the fires to be put out. if any of these fires were illegally started, then whoever is responsible for them to be brought to justice. for the long term, what we need to do is cooperate with the indonesians as we have been to work on developing sustainable agricultural practices. >> the cost of the smog is yet to be counted, but it could be in the billions. had economichaze costs estimated at more than $9 billion and reportedly made 20 million people ill across the region. looks ugly there in singapore. you are watching "bbc world news america." still to come -- what
this is singapore's central business district, the poor sink -- pulsing heart of singapore's economy, but today, you see the building stranded and smoke. there is a dry, accurate taste in the air. you can feel it in the back of your throat. -- there's a dry, accurate -- there's a dry, acrid taste in the air. his is where the fumes are coming from. hotspots on the indonesian island of sumatra where farmers use/and burn techniques to clear the land -- use slash and burn techniques to clear the...
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but we've talking about the two biggest economies in the world. we have to get this relationship right and china does need to be a stakeholder and i think they recognize that but, look, but they have achieved such rapid growth and grown so fast, almost on steroids that there's a part of them that still thinks of themselves as this poor country that's got all these problems. the united states is the big cheese out there trying to dictate things, perhaps trying to contain our rise. so i think what you're seeing is maybe the desire to continue not to be responsible, not to be a full stakeholder, work the international system on something like trade or intellectual property rights. get as much as they can and be free writers and let the united states worry about the big hassles and problems. at the same time, a growing nationalist pride where they say we're big, too, and we should be seen as equals on the world stage and what we're saying to them is you can't pick and choose. you can't have all the rights of a major world power but none of the respons
but we've talking about the two biggest economies in the world. we have to get this relationship right and china does need to be a stakeholder and i think they recognize that but, look, but they have achieved such rapid growth and grown so fast, almost on steroids that there's a part of them that still thinks of themselves as this poor country that's got all these problems. the united states is the big cheese out there trying to dictate things, perhaps trying to contain our rise. so i think...
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Jun 15, 2013
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we have essentially a fascist economy, jonathan is promoting you need to get big. that wrong. big government, big business and big labor and they are all in cahoots. verizon didn't do this on their own. government leases that line. they provided the financing to verizon. the government and verizon is hand and glove. government and g.e. are hand and glove and five banks control 60% of banking assets. everybody is too big. >> verizon has done nothing. you are dumping on verizon. they have done actually nothing. wayne, want a small phone company. great, put two tin cans together. it's not going to serve anyone. >> oh, please! you are shooting off your mouth about something you do not know. >> eric: hold on. jonathan says verizon has done nothing but as far as i understand, it's meta data. >> what did you have in your ceel yar this morning. this is so not ui. this is snooping. this is the kind of stuff people are supposed to hated. if you want to gather -- i sign the do the ted line, we got this fiber thing going from new jersey and virginia. we want you to know about that. nobody
we have essentially a fascist economy, jonathan is promoting you need to get big. that wrong. big government, big business and big labor and they are all in cahoots. verizon didn't do this on their own. government leases that line. they provided the financing to verizon. the government and verizon is hand and glove. government and g.e. are hand and glove and five banks control 60% of banking assets. everybody is too big. >> verizon has done nothing. you are dumping on verizon. they have...
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he is projecting the economy will get better, and we would agree. but now i think people are worried about the removal of the monetary stimulus, and they just don't have confidence yet in the economy. >> remember when we were hitting those new highs on almost a daily basis? everybody said, we need that pull-back to give people who haven't gotten gu tinto the mara chance to get into the mark. >> there's two things. there's sentiment on the fixed income markets. the fixed income markets have been overshooting. we have fixed income type of index and it has reached almost panic level at this point. generally when we see these panic levels in the fixed income market, three to six months later, we tend to see better returns with fixed income, so the bottom market is overdoing it in terms of the upside on yields. it doesn't mean they can't go a little bit further from here, but it feels like it's getting somewhat overdone at this point. >> jim, if you're not the rangeer, you're the big ranger here, so why do you have a range from 15-something to 17-somethi
he is projecting the economy will get better, and we would agree. but now i think people are worried about the removal of the monetary stimulus, and they just don't have confidence yet in the economy. >> remember when we were hitting those new highs on almost a daily basis? everybody said, we need that pull-back to give people who haven't gotten gu tinto the mara chance to get into the mark. >> there's two things. there's sentiment on the fixed income markets. the fixed income...
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. >> sreenivasan: the federal reserve painted a brighter picture of the economy today. the central bank estimated unemployment will fall a little faster than expected this year and next. chairman ben bernanke said that means the fed may start scaling back its stimulus efforts later this year. he promised it will come in measured steps, to reassure investors. >> we are in a more complex type of situation, but we are determined to be as clear as we can, and we hope that you are and your listeners and the markets will all be able to follow what we're saying. >> sreenivasan: bernanke's words did little to reassure wall street today. stocks fell sharply on fears that if the fed curtails its bond-buying program, interest rates will rise and growth will slow. the dow jones industrial average lost 206 points to close at 15,112. the nasdaq fell nearly 39 points to close at 3,443. the internal revenue service is taking new fire-- this time over plans to pay bonuses to employees. republican senator chuck grassley of iowa said it comes to $70 million, despite a white house directiv
. >> sreenivasan: the federal reserve painted a brighter picture of the economy today. the central bank estimated unemployment will fall a little faster than expected this year and next. chairman ben bernanke said that means the fed may start scaling back its stimulus efforts later this year. he promised it will come in measured steps, to reassure investors. >> we are in a more complex type of situation, but we are determined to be as clear as we can, and we hope that you are and...
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the chinese economy opened up a world of opportunities. a world of brand new shoppers. >> farmers are leaving these
the chinese economy opened up a world of opportunities. a world of brand new shoppers. >> farmers are leaving these
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Jun 22, 2013
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talked to a white house person today and said the best thing about the g-8 is we didn't talk about the economy. because in fact they didn't need to. it wasn't a crisis compared to previous g-8's. the absence of bad news on that front was good news. gwen: that's ok. they came home and the stock market crashed. and one more thing about this and as we talk about the pullout. we talked about this table before about the deadlines for withdrawing and ending this war formally in afghanistan. how much more difficult is it from now -- between now and next year when this is actually supposed to be done, we've done the political handover, we've done the tactical handover, now what? >> well, we have to figure out a way to responsibly draw down the force. the forces. the nato and u.s. forces without completely leaving the afghan forces in the limb. what the administration has been trying to say all along is this is a gradual process that's been taking place over time and not just abandoning them. that we've trained them and we're going to still be there in the background helping them in one way or another.
talked to a white house person today and said the best thing about the g-8 is we didn't talk about the economy. because in fact they didn't need to. it wasn't a crisis compared to previous g-8's. the absence of bad news on that front was good news. gwen: that's ok. they came home and the stock market crashed. and one more thing about this and as we talk about the pullout. we talked about this table before about the deadlines for withdrawing and ending this war formally in afghanistan. how much...
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we have essentially a fascist economy. >> go ahead, jonathan. >> verizon's done nothing. you're all dumping on verizon. they've done absolutely nothing. and wayne, you want a small phone company? great. put two tin cans together. a schmoll phone company will not be able to serve anyone. >> oh, please, give me a break. you don't know what the hell you're talking about. you're shooting your mouth off about something you do not know. >> hold on. hold on. tracy, jonathan says verizon has done nothing. as far as i understand -- >> this blows my mind. this is so not jonathan. what did you have in your cheerios this morning, jonathan? this is so not you! come on, now! this is snooping. this is the kind of stuff that people like you are supposed to hate. if you want to gather intelligence, tell me. eric is right. i should have signed on the dotted line that said hey, you'll be protected. we've got this cable going from new jersey to virginia. >> let me read this to you. i've got to do this. i carry this in my pocket every single day. it's not a prop. it's the u.s. constitution, f
we have essentially a fascist economy. >> go ahead, jonathan. >> verizon's done nothing. you're all dumping on verizon. they've done absolutely nothing. and wayne, you want a small phone company? great. put two tin cans together. a schmoll phone company will not be able to serve anyone. >> oh, please, give me a break. you don't know what the hell you're talking about. you're shooting your mouth off about something you do not know. >> hold on. hold on. tracy, jonathan...
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Jun 23, 2013
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i have a column on cooperatives and the al terntive economy. there's no better magazine in the country than "yes" magazine to tell you there's a burgeoning alternative economy expanding in the united states locally controlled, not just co-ops, but community banks instead of city banks, credit unions instead of bank of america, farmer to consumer markets are 8,000 and growing all over the country, renewable energy locally, and many other local efforts that speak the strategy of displacement of large multinational corporations by getting their customers to move into the community economics world, and just a couple more, and then we can have a good discussion. i have columns on very enlightened ceos, and my favorite is the late ray anderson of interface corporation who decided in 1994 for the company's biggest carpet tile manufacturer in the world out of atlanta, georgia. i heard a lecture on industrial ecology by paul hopkins, and he was a man changed calling himself a recovering plundering of the planet. [laughter] and he swore he was going to t
i have a column on cooperatives and the al terntive economy. there's no better magazine in the country than "yes" magazine to tell you there's a burgeoning alternative economy expanding in the united states locally controlled, not just co-ops, but community banks instead of city banks, credit unions instead of bank of america, farmer to consumer markets are 8,000 and growing all over the country, renewable energy locally, and many other local efforts that speak the strategy of...
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Jun 16, 2013
06/13
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CSPAN
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lot has changed since then technology and globalization are remaking our economy and society, but our values still inspire the world and still can guide our way forward. finally, what this meaning -- with this meeting is about, and what we have to be about is working together. thatoming the lines divide us, whether it's partisan, cultural or geographic. holding on what we know works, we can take on any challenge we confront. so i am excited to be here, to be one of your new partners, thank you for participating. for your ideas, your perspective, and most of all for your commitment. you really are part of the solution. thank you all. [applause] >> today on c-span, defense secretary hagel and joint chiefs of staff chair, general martin dempsey, testified on the 2014 defense budget. then a look at sexual assault are mentioned in the military, first from army secretary john mchugh and general ray odierno. tomorrow on "washington journal" a look at the week ahead for congress and the white house. followed by an update on nsa surveillance programs and the case against edwards noted with for
lot has changed since then technology and globalization are remaking our economy and society, but our values still inspire the world and still can guide our way forward. finally, what this meaning -- with this meeting is about, and what we have to be about is working together. thatoming the lines divide us, whether it's partisan, cultural or geographic. holding on what we know works, we can take on any challenge we confront. so i am excited to be here, to be one of your new partners, thank you...
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Jun 17, 2013
06/13
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FBC
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economy by 240 million pounds or $300 million u.s. dollars. @%w we continue the countdown to the closing bell with liz claman. ♪ liz: every monday, we love to look at stocks getting what we call the barren's bounce, and today is no exception. nicole, these are the names that are mentioned either positively or negatively, but a bounce is more positive; right? >> that's right. people read barrens over the weekend, and you know the stocks react if it's good news. they may jump if it's bad news or sell off. in this case, it's a chip maker looking at advanced microdevices up 3 #% now because it's been on the rise. the article over the weekend said that advanced microstock could actually double. wouldn't you love to wake up nd read barrens over the weekend and see that your favorite stock you are invested in could double? that's what they are saying because there was an acquisition, a 2012 purchase of the micro to gain market sharement wanted -- share. i wanted to take you over to big lots shining up 3.2% now as 33.91 because they, too, are gettin
economy by 240 million pounds or $300 million u.s. dollars. @%w we continue the countdown to the closing bell with liz claman. ♪ liz: every monday, we love to look at stocks getting what we call the barren's bounce, and today is no exception. nicole, these are the names that are mentioned either positively or negatively, but a bounce is more positive; right? >> that's right. people read barrens over the weekend, and you know the stocks react if it's good news. they may jump if it's bad...
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Jun 18, 2013
06/13
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CNBC
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one of the biggest problems in the economy, interesting changes here. used to be concerned about too little deficit reduction. that back in april. that's fallen off. not a whole lot of concern about deflation or overall inflation and a little bit more concern about too much deficit reduction, that the sequester is hitting the economy in a bad way, but those aren't on the top. let's go to the next one to look at the top, the next graphic, there we go. the european financial crisis falling off, slow job growth and tax and regulatory policies the two maintaining the top spot for the second month in a row. let's see some of the other ones, 11% sluggish overseas growth, overall uncertainty. asset price bubbles and declines. slow income growth, slow overall growth, and then there's negative economic commentary by the press. thought i'd throw that in there. someone did mention that. as for the overall economic outlook, really unchanged since the april survey. looking for 2.1% year over year and accelerating to 2.6% next year. tyler, not a lot of concern about
one of the biggest problems in the economy, interesting changes here. used to be concerned about too little deficit reduction. that back in april. that's fallen off. not a whole lot of concern about deflation or overall inflation and a little bit more concern about too much deficit reduction, that the sequester is hitting the economy in a bad way, but those aren't on the top. let's go to the next one to look at the top, the next graphic, there we go. the european financial crisis falling off,...
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Jun 20, 2013
06/13
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FBC
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>> the economy is healing. we are seeing a very modest recovery that has lasted as long as most recoveries and potentially collapse along because it has been some modest. this shows a lot of basically capacity in the system and the fact is real-estate is recovering very late in the cycle which is unusual, it is usually the beginning of a cycle and that is one of the things that is helping to begin to turn to extend this recovery longer. dennis: peter schiff -- you have been telling us for years to buy gold and gold is down 27% or 30% from its recent highs, why is gold down today? why is it not a safe haven when stocks are plunging? >> people and making the mistake by selling their goal. doesn't only goal of. people doing the wrong thing, people are misinterpreting what is happening in the economy like your guest is. the economy is not recovering. it is in worse shape than it was before the fed began this crazy experiment. always manage to do with record amounts of stimulus is blow a little air back into a defla
>> the economy is healing. we are seeing a very modest recovery that has lasted as long as most recoveries and potentially collapse along because it has been some modest. this shows a lot of basically capacity in the system and the fact is real-estate is recovering very late in the cycle which is unusual, it is usually the beginning of a cycle and that is one of the things that is helping to begin to turn to extend this recovery longer. dennis: peter schiff -- you have been telling us for...
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Jun 19, 2013
06/13
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CNBC
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if market does well when the economy does well. this is just a short-term thing of people addicted to sugar, get them off the sugar, they'll be fine. >> do you think job growth is strong enough? the last four reports, the average growth rate has been about 194,000 jobs. chairman bernanke was suggesting, you know, he's throwing out the caveat that we're talking about a timetable of starting the tapering later this year, assuming that that kind of job growth continues. do you think it will? >> i think, actually, he's doing better, if you look at the household survey, which means it's small businesses that may be more robust than we think. this whole premise that the federal reserve is helping the economy by doing what it's doing, i think needs to be closely re-examined. it's sent credit to things like fannie and freddie, from the federal government to big companies, but it also means that it's been a slow trickle of credit until recently, to smaller businesses, which are the real job creators in this economy. and you look at insuranc
if market does well when the economy does well. this is just a short-term thing of people addicted to sugar, get them off the sugar, they'll be fine. >> do you think job growth is strong enough? the last four reports, the average growth rate has been about 194,000 jobs. chairman bernanke was suggesting, you know, he's throwing out the caveat that we're talking about a timetable of starting the tapering later this year, assuming that that kind of job growth continues. do you think it will?...
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Jun 17, 2013
06/13
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WGN
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top artists will be repairing the economy and engaging in more >> he held his first news conference today. with his international sanctions over nuclear program. it says he foresees a fresh opportunity for global interaction. he is not ready to suspend uranium. received a little more than 50 percent of the vote. world leaders are in northern ireland to the for the opening of the chiefs othe pga summit. as partf broader crowell strategies. rick support hundreds of thousands of >> the man who blew the lid off of the top secret surveillance program is now causing tension. allegations that the country's intelligence agencies canada controversial secret surveillance. seen documents indicating spy agencies. >> amount of government scandals has cost a dramatic reversal of fortune. in a poll shows the approval rating down sharply. a majority of americans disapprove. 61 percent disapprove of obama handling of the domestic spying program. only 35 percent approved. 62 percent believe the government has collected personal phone our internet records. apple is joining facebook and microsoft in releasin
top artists will be repairing the economy and engaging in more >> he held his first news conference today. with his international sanctions over nuclear program. it says he foresees a fresh opportunity for global interaction. he is not ready to suspend uranium. received a little more than 50 percent of the vote. world leaders are in northern ireland to the for the opening of the chiefs othe pga summit. as partf broader crowell strategies. rick support hundreds of thousands of >> the...
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Jun 17, 2013
06/13
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MSNBCW
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we'll keep working to strengthen our economies. including through efforts, the broad economic initiative announced on friday to unlock new opportunities between our two countries. because jobs and opportunities are essential to peace. our scientists will keep collaborating with yours in fields like nanotechnology, energy. on both sides of the atlantic. because progress is essential to peace. and because knowledge and understanding is essential to peace we'll keep investing in programs that enrich both of us. including exchanges programs that have given people to travel to each other's country and learn from each other. one of those young people is here today, sill vie gordon, is the director of ground worked northern ireland, aims to bring about change from the ground up. where is sylvia? where is she? she's here somewhere. you're here, too, yeah. some kind waved i'm here. which is good, i appreciate you being here. as someone who got my start as a community organizer i was so impressed with what sylvia has done. a few years ago, s
we'll keep working to strengthen our economies. including through efforts, the broad economic initiative announced on friday to unlock new opportunities between our two countries. because jobs and opportunities are essential to peace. our scientists will keep collaborating with yours in fields like nanotechnology, energy. on both sides of the atlantic. because progress is essential to peace. and because knowledge and understanding is essential to peace we'll keep investing in programs that...
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Jun 16, 2013
06/13
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CSPAN2
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so we were number one anymore, blue number three against pretty dynamic economies. over the last 13 years, with now dropped down to number 18. when people ask what is wrong with the economy, why do we have such high unemployment? y has disposable income per capita basis, why is that decline in house over the last 10 years? the answer is right there. we are less free today than we were 13 years ago. as are economic freedom declines, government regulation increase, taxes increased, the engine that is the basis for our prosperity, which is business is lessened and prosperity is therefore declining as well. as economic freedom does not come so does prosperity. so if the business people are willing to speak up for free enterprise capitalism, we can expect economic freedom to continue to lesson in american press verity will continue to lesson as well. we are far from a free enterprise capitalist system anymore. we are moved towards a crony capitalistic system, where we've got a government and big business often times colluding with each other. the great example is the fis
so we were number one anymore, blue number three against pretty dynamic economies. over the last 13 years, with now dropped down to number 18. when people ask what is wrong with the economy, why do we have such high unemployment? y has disposable income per capita basis, why is that decline in house over the last 10 years? the answer is right there. we are less free today than we were 13 years ago. as are economic freedom declines, government regulation increase, taxes increased, the engine...
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Jun 19, 2013
06/13
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CSPAN2
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. >> this, in turn come a ways on the economy as a whole. can you explain how the cfpb has approached this critical issue. >> i would prefer that in our office. we handle our student loan initiatives and i would say that it is one of the areas that we are very proud of in terms of the activities that we have proceeded with. but he is much more adept at answering those questions. >> thank you. going back to the financial question is part of my colleagues. they have argued that the cfpb should be subject to ensure greater accountability for the agency. this is despite the fact that congress has consistently provided for independent funding for other bank regulators. in your own personal view, can you tell me how likely you could explain why congress gave all the bank regulators independent funding, and to what extent is it important for a regulator with responsibility for examining large institutions with stable and consistent funding. >> congressman, i think that your last point is the point that having that stable funding allows us to focus
. >> this, in turn come a ways on the economy as a whole. can you explain how the cfpb has approached this critical issue. >> i would prefer that in our office. we handle our student loan initiatives and i would say that it is one of the areas that we are very proud of in terms of the activities that we have proceeded with. but he is much more adept at answering those questions. >> thank you. going back to the financial question is part of my colleagues. they have argued that...
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Jun 21, 2013
06/13
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FBC
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the fact that in fact the economy is not doing as well as the fed suggested and as well as the market would indicate. do you think we're going to have a lousy earnings season this summer? >> yes. i think second-quarter earnings, particularly for tech stocks where they have the big international exposure, a lot of them missed earnings. and were given kind after pass. oracle missed again last night. these big, big software and server companies who shhuld be in the heart of all the technological demand going on right now, are all seeing lower year-over-year results. that's not good. david: yeah. fleckenstein capital president, bill fleckenstein. he always loves the counter place. we love to have him on. we have breaking news from jo ling kent. what is it, jo? >> that's right. joseph @ bank confirms they're psyching potential act with savings their company. what is interesting here joseph a. bank had reinvention, not just but in 1999, since then, their shareholder value reports.d 5700% according to so they're looking for an acquisition to facilitate more growth now. of course joseph a. ba
the fact that in fact the economy is not doing as well as the fed suggested and as well as the market would indicate. do you think we're going to have a lousy earnings season this summer? >> yes. i think second-quarter earnings, particularly for tech stocks where they have the big international exposure, a lot of them missed earnings. and were given kind after pass. oracle missed again last night. these big, big software and server companies who shhuld be in the heart of all the...
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Jun 21, 2013
06/13
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KCSM
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ben bernanke said they would evaluate threats and believe the risk for the economy have diminished. investors don't like what nay are hearing. they fell by about 3%. and they are hoping for more stability to close out the week. managers at japan's biggest banks have their own executives at bank of tokyo ufj agreed to pay $250 million to regulators in new york. they transferred billions to countries facing u.s. sanctions. they moved $100 billion to iran, myanmar and sudan in violation of new york state law. between 2002 and 2007 they carried out about 28,000 such transactio transactions. managers instructed employees to strip information from wire transfer messages that could identify countries and people subject to international sanctions. bank officials say they have been working since 2007 to meet obligations. they said in a statement that they are cooperating with the regulators. u.s. president barack obama is changing the rules that govern how his country handles its most destructive weapons. the defense department revised guidelines on nuclear arms for the first time in 11 year
ben bernanke said they would evaluate threats and believe the risk for the economy have diminished. investors don't like what nay are hearing. they fell by about 3%. and they are hoping for more stability to close out the week. managers at japan's biggest banks have their own executives at bank of tokyo ufj agreed to pay $250 million to regulators in new york. they transferred billions to countries facing u.s. sanctions. they moved $100 billion to iran, myanmar and sudan in violation of new...
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Jun 22, 2013
06/13
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CNBC
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another driver of the economy has slowed down of late. slowed down for all but the galleries of restoration hardware. there's been a rough couple of weeks for the consumer package good names. they had been viewed as bond market equivalents. was that proctor up for real, was that j&j rally for real? we have to know. when they report on wednesday, big g. and mccormick and conagra report on thursday, we'll find out if they can actually have more than just a dead cat bounce. if the numbers are good and the stocks go up maybe they're no longer hostage to the tnx i told you to follow. but you know, if the tnx goes higher and the stocks go down, we're in the same world of hurt. why am i showing this? this is from mccormick spice, old bay spice the special ravens model. i think it's cool. it might not matter if the interest rates keep going higher though, so remember it's the bond market stupid. two companies -- two companies that delivered terrific quarters last time around, nike and accenture give us the report cards on thursday. nike has been
another driver of the economy has slowed down of late. slowed down for all but the galleries of restoration hardware. there's been a rough couple of weeks for the consumer package good names. they had been viewed as bond market equivalents. was that proctor up for real, was that j&j rally for real? we have to know. when they report on wednesday, big g. and mccormick and conagra report on thursday, we'll find out if they can actually have more than just a dead cat bounce. if the numbers are...
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Jun 23, 2013
06/13
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FBC
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you are underwater or eager to buy, higher rates could hurt the housing recovery helping the broader economy. one report this week had individual investors throwing in the ttel on 17 # billion in bond fund investmes. before you give in, remember this, the high education ever mortgage rates according to freddie mack back in early october of 81. 18.6%. heyey, things could be worse. that's my two cents more. that's all for tonight's willis report. have a great ♪ >>om: many of us are not happy with the governmen scooping up all our information but the snoops s they only check on foreigners and not citizens. is that true? can we trust them? we're talking how data flows flew thenternet and at iormaon they are really storing right here, right now. >> tom: thanks for joining us. he at the top of the stack. amount of da flowing through the pipes that make up the internet is tremendous. the compaint after 9/11 ere was too much informationor our government to follow and they did not connect the dots and hence the attack. now t
you are underwater or eager to buy, higher rates could hurt the housing recovery helping the broader economy. one report this week had individual investors throwing in the ttel on 17 # billion in bond fund investmes. before you give in, remember this, the high education ever mortgage rates according to freddie mack back in early october of 81. 18.6%. heyey, things could be worse. that's my two cents more. that's all for tonight's willis report. have a great ♪ >>om: many of us are not...
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Jun 23, 2013
06/13
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CSPAN
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to grow our economy. the arrogance we are seeing in the same arrogance that has left our economy plodding along. after four years of watching -- washington knows best, our economy is recovering at the slowest rate since world war ii. the growth numbers barely move. unemployment stays about the same. we are told not to read much into it. experts call this condition the new normal. some even argue it is good nough for now. it is not good enough for me. i know it is not good enough for you either. how can any of us stay on top with groups that nearly cap 12 million americans out of work and threaten our children's future? we should be doing much better. we are not a people who hobble along hoping some day some where down the line things are going to get better. we are a people who chart our own course, who take matters into our own hands. that is why i'm here today. people in this room represent so much of our nations economic success, and our potential for the future. manufacturing represents where things a
to grow our economy. the arrogance we are seeing in the same arrogance that has left our economy plodding along. after four years of watching -- washington knows best, our economy is recovering at the slowest rate since world war ii. the growth numbers barely move. unemployment stays about the same. we are told not to read much into it. experts call this condition the new normal. some even argue it is good nough for now. it is not good enough for me. i know it is not good enough for you either....